MERIDIAN MINING UK SOCIETAS (MNO.CA) Stock Technical Analysis
TSX:MNO - Toronto Stock Exchange - GB00BR3SVZ18 - Common Stock - Currency: CAD
We assign a technical rating of 8 out of 10 to MNO. In the last year, MNO was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month MNO has a been trading in the 0.74 - 0.89 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, MNO did better than 85% of all other stocks.
MNO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MNO is lagging the market slightly.
MNO is an average performer in the Metals & Mining industry, it outperforms 69% of 805 stocks in the same industry.
Besides having an excellent technical rating, MNO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.75, a Stop Loss order could be placed below this zone.
More info and screens
0.44
0.83
We found 4 important support areas.
- A support zone ranging from 0.73 to 0.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.64 from a trend line in the daily time frame.
- Support @0.46 from a horizontal line in the daily time frame.
- Support @0.44 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.76 to 0.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.79 to 0.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.82 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MNO.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MNO.CA is neutral. |
| ChartMill Relative Strength | 85.93 | POSITIVE | MNO.CA has a high relative strength, it outperformed 85.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MNO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MNO.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MNO.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.74 | NEUTRAL | The RSI value for MNO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MNO.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.89 | NEUTRAL | The Stochastics value for MNO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for MNO.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.9 | NEGATIVE | The low ADX value for MNO.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.78 | 0.73 | 0.05 (6.41%) | 15.60% |
| An entry @0.78. This is a Buy Stop order right above the resistance zone. | An exit @0.73. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.05 points, which is 6.41%. | For a 1.00% total portfolio risk, you can invest 15.60% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MNO. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:MNO (7/11/2025, 7:00:00 PM)
0.76
-0.01 (-1.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.3%
1 Week-1.3%
2 Weeks-5%
1 Month-13.64%
3 Month24.59%
6 Month94.87%
12 Month61.7%
2 Year102.67%
3 Year52%
5 Year111.11%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%4.64%
ATR Inc-17.27%
Range Today0.04
ADR(20)0.03
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.93
Mansfield3.57
10 Day High0.82
10 Day Low0.74
20 Day High0.89
20 Day Low0.74
52 Week High0.91
52 Week Low0.33
CS1 End0.75
CR1 Start0.76
Volume & EV
DER(3)0%
DER(5)0%
Volume195.12K
Volume Incr-22.47%
Vol(5)187.93K
Vol(50)282.43K